According to IMARC Group’s latest report, titled “Argan Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global market grew at a CAGR of around 11% during 2015-2020. Argan oil is an organic compound extracted from the kernels of the argan tree and commercially produced in absolute, concentrated, and blended variants. It is largely used in culinary and cosmetic applications as it is a rich source of antioxidants, vitamin E and A, omega-6 fatty and linoleic acids, and triterpenoids. It can be ingested in the form of a supplement capsule or applied topically. Argan oil provides various health benefits, including treating skin irritation, acne, signs of aging, and stretch marks.
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The rising demand for argan oil across the cosmetics and food and beverage (F&B) industries is one of the prime factors driving the market growth. For instance, it is used as the main ingredient in the manufacturing of several premium personal care products, such as soaps, shampoos, lotions, conditioners, and creams. Furthermore, key players are launching organic oil packed in recyclable containers to meet the growing environmental consciousness among consumers. Apart from this, the increasing consumer expenditure power and the rising product demand across the pharmaceutical industry are creating a positive outlook for the market. Looking forward, IMARC Group expects the global argan oil market to exhibit moderate growth during 2021-2026.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Arganbulk
- Argane Aouzac
- Arganfarm sarl. au.
- ARGANisme
- Kamakhya Bottlers
- Konouz Rayyan (PURUS International)
- Lipidine
- Malakbio
- OLVEA Morocco
- Organica Group Ltd.
- Zidrop Argan Oil
- Zineglob Ltd.
Market Segmentation:
Breakup by Type:
- Conventional
- Organic
Breakup by Form:
- Absolute
- Blend
- Concentrate
Breakup by Application:
- Personal Care and Cosmetics
- Medical
- Aromatherapy
- Food
- Home Cleaning
- Others
Breakup by Distribution Channel:
- B2B
- B2C
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Stores
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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